Special Economic Zones Act, 2014 (Act No. 16 of 2014)RegulationsRegulations made in terms of section 41 of the Special Economic Zones Act, 2014 (Act No. 16 of 2014)Schedule A1. Interpretation |
| (1) | In these Regulations, unless the context indicates otherwise— |
| (a) | "Business incubators" means physical, or virtual facilities that support the development of early stage small and medium enterprises through a combination of business development services, funding and access to the physical space necessary to conduct business; |
| (b) | "Fund" means the Special Economic Zones Fund contemplated in section 20 of the Act; |
| (c) | "Income Tax Act" means the Income Tax Act, 58 of 1962, |
| (d) | "Infrastructure development" includes land preparation, clearing and levelling land, storm water drainage, connecting and access roads, electrical sub-stations, storage treatment and pumping of water and sewerage, fencing, landfills, security, lighting, communications infrastructure, waste to energy co-generation and clean energy infrastructure; |
| (e) | "Site preparation" means site preparation necessary to enable businesses to locate within the Special Economic Zone including: |
| (i) | costs associated with enabling utility connections to bulk utility supply and providing road access to businesses within that Special Economic Zone; or |
| (ii) | specialist infrastructure for the benefit of one or more businesses locating in that Special Economic Zone, including a top structure that enhances the service capability and competitiveness of that Special Economic Zone. |
| (f) | "SMEs" means small and medium enterprises; and |
| (g) | "the Act" means the Special Economic Zones Act, 16 of 2014. |
| (2) | A word or expression that is defined in the Act bears the same meaning in these Regulations as in the Act, unless the context indicates otherwise. |
| (3) | A reference to a section number in these Regulations refers to the corresponding section of the Act. |